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Started By
Message
I paid $40k for my truck last year, it’s now worth $18k
Posted on 1/1/23 at 1:46 pm
Posted on 1/1/23 at 1:46 pm
I bought a used Tahoe last year for $40k and have it paid off and was looking to sell it or trade it in. I just looked at the instant offer on KBB and it was just north of $18k. What’re my options? What would you do if you were in my shoes?
82
Posted on 1/1/23 at 1:47 pm to MarlboroTiger
Posted on 1/1/23 at 1:47 pm to MarlboroTiger
Keep driving it until the wheels fall off
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
Wait for the next pandemic….
Until then, drive it until the wheels fall off.
Until then, drive it until the wheels fall off.
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
quote:
. What’re my options?
Keep it
Run it off into a river, claim it was stolen
Sell it for $18k
Look for a private party buyer for more
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
quote:
and was looking to sell it or trade it in.
Keep it
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
$40k for a used truck?
Damn.
You could have gotten a new truck for less than that last year.
Damn.
You could have gotten a new truck for less than that last year.
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
Put your wife on only fans to recoup the 20k. Should take a few months if she’s ok with PIIHB action.
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
if you just bought it last year, who cares? worry about it in 5 years when maybe it's time to get a new car/truck
Posted on 1/1/23 at 1:48 pm to MarlboroTiger
This math isn’t adding up, how is it only worth 18k when you paid 40k last year?
Posted on 1/1/23 at 1:49 pm to MarlboroTiger
You should see about getting a bailout from the feds
Posted on 1/1/23 at 1:49 pm to MarlboroTiger
Keep it. It's paid off. Or sell it in a private sale. You are always going to get taken advantage of by trading it in or using KBB, Carmax, etc.
Posted on 1/1/23 at 1:50 pm to MarlboroTiger
Post the details of the truck for even more fun
Posted on 1/1/23 at 1:50 pm to MarlboroTiger
quote:
I bought a used Tahoe last year for $40k
Posted on 1/1/23 at 1:50 pm to MarlboroTiger
quote:
last year for $40k and have it paid off
Subtle brag is subtle.
Posted on 1/1/23 at 1:50 pm to GatorPA84
quote:bought at the peak and maybe overpaid for some particular model he wanted.
how is it only worth 18k when you paid 40k last year?
18k is a lowball instant offer. Reality, probably lost 10k in a year because the used market was that inflated.
Posted on 1/1/23 at 1:51 pm to MarlboroTiger
You either paid way too much when you bought it, or you made a mistake when you entered the info into KBB.
Posted on 1/1/23 at 1:51 pm to GatorPA84
quote:
This math isn’t adding up, how is it only worth 18k when you paid 40k last year?
I bought it last October from a dealership in Denham. I just looked at KBB and $18k was the number they gave me
Posted on 1/1/23 at 1:51 pm to MarlboroTiger
who pays 40k for a used vehicle? 
Posted on 1/1/23 at 1:51 pm to MarlboroTiger
quote:
What would you do if you were in my shoes?
Why are you looking to sell it?
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